2016
DOI: 10.2139/ssrn.2863247
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An Analysis of Short-Term Performance of UK Cross-Border Mergers and Acquisitions by Chinese Listed Companies

Abstract: Using a unique and proprietary database of Chinese cross-border mergers and acquisitions into the UK from 2012 to early 2016, this paper investigates the short-term performance of UK cross-border mergers and acquisitions acquired by Chinese publicly-listed companies. Using event study analysis with four different time-period windows, the results show that Chinese acquirers have earned significantly positive abnormal returns on the first day following the announcement date of M&A deals, however, these positive … Show more

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Cited by 1 publication
(2 citation statements)
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“…The United Kingdom is the most popular country among all the European countries to Chinese companies to do business as the easiest most important economy. As a result, UK was in first place in 2014 among the top ten European target countries followed by France and Germany for cross-border merger and acquisition according to agreement worth (Zhu & Moeller, 2016). It was conveyed that in the period of January 2019 to June 2022 almost 91 Chinese companies invest as cross-border merger and acquisition in the UK, which also demonstrations a noteworthy uphill trend for the last few years (Zhu & Moeller, 2016).…”
Section: Introductionmentioning
confidence: 98%
See 1 more Smart Citation
“…The United Kingdom is the most popular country among all the European countries to Chinese companies to do business as the easiest most important economy. As a result, UK was in first place in 2014 among the top ten European target countries followed by France and Germany for cross-border merger and acquisition according to agreement worth (Zhu & Moeller, 2016). It was conveyed that in the period of January 2019 to June 2022 almost 91 Chinese companies invest as cross-border merger and acquisition in the UK, which also demonstrations a noteworthy uphill trend for the last few years (Zhu & Moeller, 2016).…”
Section: Introductionmentioning
confidence: 98%
“…As a result, UK was in first place in 2014 among the top ten European target countries followed by France and Germany for cross-border merger and acquisition according to agreement worth (Zhu & Moeller, 2016). It was conveyed that in the period of January 2019 to June 2022 almost 91 Chinese companies invest as cross-border merger and acquisition in the UK, which also demonstrations a noteworthy uphill trend for the last few years (Zhu & Moeller, 2016). The deal worth is also notable, combined at more than $35 billion.…”
Section: Introductionmentioning
confidence: 99%